Prospector Partners LLC Acquires 675 Shares of Carrier Global Co. (NYSE:CARR)

Prospector Partners LLC grew its holdings in shares of Carrier Global Co. (NYSE:CARR) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 275,470 shares of the company’s stock after acquiring an additional 675 shares during the quarter. Carrier Global comprises 2.1% of Prospector Partners LLC’s investment portfolio, making the stock its 13th largest position. Prospector Partners LLC’s holdings in Carrier Global were worth $18,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. RFG Advisory LLC raised its position in Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after purchasing an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in shares of Carrier Global by 1,156.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock valued at $1,410,000 after buying an additional 19,018 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in Carrier Global in the 4th quarter worth approximately $2,213,000. Waldron Private Wealth LLC boosted its stake in Carrier Global by 90.5% in the fourth quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock worth $1,128,000 after buying an additional 7,854 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Carrier Global by 761.6% during the third quarter. Wellington Management Group LLP now owns 45,064 shares of the company’s stock valued at $3,627,000 after acquiring an additional 39,834 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CARR. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Citigroup reduced their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company lowered their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group began coverage on Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Finally, Barclays lowered their price objective on Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Carrier Global Stock Down 6.0 %

Shares of NYSE:CARR opened at $57.06 on Friday. The stock has a 50 day moving average price of $65.27 and a 200-day moving average price of $71.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a market capitalization of $49.30 billion, a P/E ratio of 9.09, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

About Carrier Global

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.